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TUC Urges FG To Increase Minimum Wage From N30,000 To N200,000 Before The End Of June

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TUC has advised FG to raise the minimum salary for employees to N200,000 in order to mitigate the effects of subsidy removal.

The grievances over the removal of fuel subsidy by the Federal Government may have assumed a new dimension, as the Trade Union Congress of Nigeria has demanded an increase in the national minimum wage from N30,000 to N200,000.

It was gathered that all the demands raised by TUC have already been forwarded to the government at Sunday’s meeting that was held at the Presidential Villa.

A list of other demands is contained in a joint statement signed by Comrade Festus Osifo, President TUC and Comrade Nuhu Abba Toro, Secretary General, respectively.

TUC also wants the government to revert to the old fuel pump prices of N195 per litre while negotiations continue.

“The minimum wage should be increased from the current N30,000 to N200,000 before the end of June 2023, with consequential adjustments to the Cost of Living Allowance (COLA), like feeding, transport and housing,” TUC stated.

The union said a representative of state governors will be party to this new minimum wage and all the governors must commit to implementing the new wage.

It also wants a tax holiday for employees both in government and private sector that earn less than N200,000 or 500USD monthly, whichever is higher.

“We want PMS allowance to be introduced for those earning between N200,000 to N500,000 or 500 USD to 1,200 USD, whichever is higher.

“The exchange rate for retailing PMS in the country must be kept within a limit of +- 2% for the next ten years. Where the fluctuation is more than 2%, the minimum wage will automatically increase at the same rate.

“Setting up an intervention fund where the government will be paying N10 per liter on all locally consumed PMS. The primary purpose of this fund is to solve perennial and protracted national issues in education, health and housing. A governance structure that will include labour, civil society and government will be put in place to manage the implementation.

“The federal government should provide mass transit vehicles for all categories of the populace.

“State governments should immediately set up a subsidized transportation system to reduce the pressure on workers and students. The framework around this will be worked out.

“Immediate review of the National Health Insurance Scheme to cover more Nigerians and prevent out-of-stock drugs.

“Visitation of the refineries that are currently undergoing rehabilitation to ascertain the state of work and set up a timeline for its completion.

“The president should direct whoever will be labour minister to immediately constitute the National Labour Advisory Council (NLAC). This platform will be used by the government, labour, and employers to discuss issues and policies of the government that may affect workers and all other mandates as specified in the law.

“Provision of subsidy directly for food items, the 800 million dollars could be a first step.

“The existing National Housing Fund (NHF) should be made accessible to genuine workers; the framework on this must be discussed and agreed upon.

“Medium Term, Deployment of Compressed Natural Gas (CNG) across the country in line with the earlier promise made by the government. The framework and timeline will be developed as agreed upon by both parties.

“Labour and government to design a framework that will be geared towards the reduction of the cost of governance by 15% in 2024 and 30% by 2025.

“A framework should be immediately put in place to maintain the road and expand the rail networks across the country. The government must design a framework for social housing policy for workers through the rent-to-own system.

“The state of electricity in the country must be appraised and an action plan should be defined with time lines on how to get this fixed. A strong monitoring team comprising all parties will be constituted,” the statement added.

BIG STORY

Access Bank Advocates For Innovative Financing Models To Realise SDGs

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At the 2024 Medic West Africa Event, organised by ABCHealth in collaboration with Informa Markets, Access Bank reaffirmed its dedication to fostering positive transformation in healthcare across Africa.

The event, which served as a platform for stakeholders across industries deliberate on the theme ‘Healthcare Investments in Africa: Mobilizing the Private Sector to Drive Healthcare Investments in Africa,’ aimed to chart a path through which corporates can leverage innovative financing models and strategic partnerships in fostering the achievement of the United Nations Sustainable Development Goals.

The discussions also explored strategies for strengthening healthcare infrastructure, leveraging technological advancements, as well as enhancing community health initiatives.

Lending his voice to the conversation, Ralph Opara, Group Head, Commercial Banking Division at Access Bank Plc, stressed that, “The government can’t carry the burden of the health sector alone. Hence, it is imperative that the private sector explores and implements innovative financing models and strategic partnerships to bridge the healthcare investment gap.”

Opara noted that collaborative effort between the public and private sectors is not only crucial but essential to driving innovation, improving healthcare accessibility, and ensuring sustainable development across the continent.

Walking the talk on partnerships, Access Bank partnered with the Private Sector Health Alliance of Nigeria (PSHAN), to launch the Adopt-A-Health Facility Program (ADHFP) with the primary aim of delivering, at least, one global standard Primary Healthcare Centre (PHC) in each of the 774 Local Government Areas (LGAs) in Nigeria. So far, the initiative has resulted into over 180 PHCs adopted across the country.

Other notable participants at the event include Mories Atoki, CEO, ABCHealth; Jane Ike-Okoli, Head of Specialised Sectors Business & Commercial Banking, Stanbic IBTC; Odunayo Sanyo, Executive Director, MTN Foundation; Ibironke Akinmade, Group Head, Health Finance, Sterling Bank, and Zouera Youssoufou, MD/CEO, Aliko Dangote Foundation.

  • About Access Bank PLC

Access Bank, a wholly owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning 3 continents, 21 countries and over 60 million customers. The Bank employs over 28,000 thousand people in its operations in Africa and Europe, with representative offices in China, Lebanon, India, and the UAE.

Access Bank’s parent company, Access Holdings Plc, has been listed on the Nigerian Stock Exchange since 1998. The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through three key business segments: Corporate and Investment Banking, Commercial Banking, and Retail Banking. The Bank has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last 18 years, becoming one of the continent’s largest retail banks.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.

 

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Nigerians Will No Longer Work Under Inhuman Conditions — Senate President Akpabio

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Nigerian workers have been reassured by Senate President Godswill Akpabio that the National Assembly and the executive branch of government will cooperate to provide them with improved working conditions and a livable wage.

The Senate President declared that  “No Nigerian worker will again be allowed to work under inhuman conditions. We will do everything to give you the best because you deserve the best.”

He made this known in a statement on Wednesday by his Special Adviser on Media and Publicity, Eseme Eyiboh, to congratulate the workers as they commemorate the 2024 May Day.

Akpabio, in the message, extolled the sterling qualities that stood out to the Nigerian workers, saying “A Nigerian worker is noted for his patriotism, hard work, resilience, and dedication to duty.

“I am happy to be associated with the Nigerian workers in the last more than 25 years and I can attest to the fact that everywhere you go, the Nigerian worker’s spirit resonates profoundly.”

Speaking on this year’s theme for Workers’ Day, “Ensuring safety and health at work in a changing climate,” Akpabio promised that the National Assembly under his leadership was more than committed to ensuring the best working conditions for the Nigerian workers.

The Senate President reiterated that the theme for this year’s celebration was apt and in tune with the international best practices, assuring that Nigeria would not be left behind.

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NLC, TUC Give FG May 31 Ultimatum For New Minimum Wage

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The Organised Labour has handed the Federal Government May 31 deadline to come up with a realistic and reasonable new minimum wage for Nigerian workers.

Labour made this known during the Workers’ Day celebrations at the Eagle Square in Abuja on Wednesday.

The President of the Nigeria Labour Congress (NLC), Joe Ajaero; and his counterpart in the Trade Union Congress (TUC), Festus Osifo were unanimous that the N30,000 current minimum wage has been grossly insufficient for Nigerian workers in the light of current economic realities and inflationary pressure including food inflation, hike in energy and transportation cost, amongst others.

They insisted that a new living wage of ₦615,000 be expeditiously approved by the President Bola Tinubu administration before the end of May.

Ajaero said, “The Nigeria Labour Congress and the TUC have made it clearly and emphatically that should the minimum wage negotiation continue and linger till the end of May, we can no longer guarantee industrial harmony in this country.”

On his part, Osifo asked the Nigerian Electricity Regulatory Commission (NERC) and power distribution companies to immediately reverse the current increase in electricity tariff for Band A customers.

“The NLC and TUC hereby advise NERC and power sector operators to reverse the last increase in electricity tariff within the next one week,” the trade union boss said.

Nigerians mark this year’s May Day amid spiralling, and unending snake-like queues at filling stations as scarcity of Premium Motor Spirit (PMS) also known as petrol worsens across the Federation.

Although there have been assurances by the major oil supplier in the country, the Nigerian National Petroleum Company (NNPC) Limited to alleviate this issue, however, the queues have persisted for over one week.

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